New government should start implementing economic reforms: Lasbela Chamber of Commerce and

Karachi, August 27, 2018 (PPI-OT): The President, Lasbela Chamber of Commerce and Industry (LCCI), Yakoob Karim has demanded of the newly formed government to immediately focus on major economic issues including boosting exports to bring precious foreign exchange, announcement and implementation of an effective industrial policy. In a statement he said that putting the economy back on track, Prime Minister Imran Khan would get rid of many in-house problems and can focus on other major national issues.

He said that the new premier has promised wide-ranging reforms, safeguard Pakistan’s resources and redistribute them from the rich to the disadvantaged which is laudable. Yakoob said that the PM has promised that instead of trying to rebuild the economy via external loans, his government will try and fulfil its needs from within as no country can succeed by begging all the time.

Measures to cut down on expenses, tax reforms instead of loans, eradication of poverty, motivating overseas Pakistanis, rooting out corruption, revamping the judiciary, applying the KP police model in Punjab, educational, healthcare and civil service reforms, and building dams should also be the priorities by Imran and he must start implementing now in order to shut up enemies.

He also lauded the decision of PM Khan regarding devolution of power and plan to provide jobs to youth, a new housing project and a boost to the industrial sector. He said the government should cut indirect taxes, strengthen institutions, reduce trade deficit with China and bring back the stolen funds as soon as possible which will discourage corruption in future. He said that all the chambers, FPCCI and trade bodies have offered unconditional support to the agenda of the new government.

Karim lauded the decision of PM Khan regarding devolution of power and plan to provide jobs to youth, a new housing project and a boost to the industrial sector. Karim said retail sector should be taxed, expats should be encouraged to send money through banking channels by offering relaxations, state-run corporations should be sold, FBR and other institutions should be monitored, and diplomats should be given export targets.